IOI
Our company has achieved success in the area of artificial intelligence in various fields, including the development of self-driving cars and video analytics solutions.
With an increasing demand for intelligent systems, Tata Elxsi has created an Artificial Intelligence Center of Excellence. With it, users can get actionable insights based on data analytics using cloud-based frameworks incorporating patent-pending technology.
The future of Artificial Intelligence (AI) has arrived. It exists all around us and can be found everywhere.
Every aspect of our lives has been touched by artificial intelligence. The technology is used by each of us in some form or another nowadays. It’s being used widely in a variety of devices, including personal digital assistants like Siri, Google Assistant and Alexa, as well as self-driving cars.
Healthcare, finance, e-commerce, and manufacturing are among the fastest growing markets for cloud computing.
Additionally, companies like Swiggy and Zomato have seen technology sustain and boost growth through heavy investments in AI over the last couple of years. Hence the discussion has turned to the potential of AI for other India-based companies.
In a report by Accenture, it’s predicted that artificial intelligence will contribute 15 percent to India’s gross value or $957 billion in 2035.
The AI revolution will transform our lives and our workplaces in the next few years.
An increasing number of investors are also interested in AI stocks due to the growing demand for AI technology.
The following are the top Indian companies working on artificial intelligence in the Indian stock market.
1. Coforge
IT services company Coforge provides solutions and services for end-to-end software development.
Software exports account for about 20 percent of its revenue.
Prior to its incorporation, the company operated under the name NIIT Technologies.
AI-based digital business assistants, machine learning, deep learning, multi-currency, multi-lingual, and multi-channel experience, image recognition, robotic process automation (RPA), natural language processing (NLP), and workflow automation are all available.
In the past, the company has acquired companies in order to increase revenue and to expand its geographic reach and customer reach.
SLK Global Solutions acquired Coforge in April 2021 as part of its strategic investment. As a leading provider of banking and insurance services in North America, SLK Global has deep domain expertise. With a steady stream of scalable relationships and long-term relationships with marquee clients, the company is well positioned for future growth.
It has returned 1,202% over the past five years. Coforge’s shares are currently trading at $5,136 per share.
2. Happiest Minds Technologies
The IT consulting firm Happiest Minds was founded in 2011 and specializes in providing IT services.
We work with leading-edge technology, including artificial intelligence, the cloud, the internet of things (IoT), blockchain, robotics/drones, and virtual reality.
A number of the firm’s technologies rely on artificial intelligence, including language processing, picture analysis, video analysis, and upcoming technologies such as augmented reality and virtual reality.
It also assists organizations in implementing robotics that use artificial intelligence, which leads to time and cost savings.
A stock exchange listing will take place in September 2020. A popular stock in the artificial intelligence sector in India.
During his time as chairman and MD of Mindtree, Ashik Soota is one of the company’s main promoters. The previous fifteen years of his career were spent leading Wipro’s IT business.
A total of 290.8% has been earned since the company was listed. Currently, the BSE offers Happiest Minds shares for 1,445 rupees.
3. Saksoft
Among the world’s leading information management companies, Saksoft provides innovative solutions to successful companies.
The company specializes in providing business solutions that leverage technology to help their clients boost their performance.
With increased AI and automation, the main focus is to improve efficiency, productivity and customer decisions, resulting in more service innovations.
With technology such as IoT, AI, machine learning, and automation, Saksoft accelerates digital transformation and applies intelligent automation to address big business challenges.
Profit growth of 20.1% compound annual growth rate (CAGR) has been achieved by the company in the last five years. The BSE is trading Saksoft shares at a price of *913.
4. Tata Elxsi
Tata Elxsi is a midcap company which belongs to the Tata Group and was founded in 1989.
Tata Elxsi has today become one of the leading providers of technology and design services across various industries. The automotive, broadcasting, communications, healthcare, and transportation industries all fall into this category.
Our company has achieved success in the area of artificial intelligence in various fields, including the development of self-driving cars and video analytics solutions.
With an increasing demand for intelligent systems, Tata Elxsi has created an Artificial Intelligence Center of Excellence. With it, users can get actionable insights based on data analytics using cloud-based frameworks incorporating patent-pending technology.
Last quarter, the company had strong financial performance. Over the past five years, profits have grown by 19%.
Nifty IT provided 95% returns to investors while stock returns were 535% over the past five years.
5. Persistent Systems
As a provider of Wave Relay MANET technology, Persistent Systems helps make mobile networking secure and scalable.
A mobile user can use Persistent’s products for voice, video, and situational awareness without relying on a fixed infrastructure.
In addition, the company provides machine learning and AI solutions that help companies throughout the whole process of developing AI-based systems.
AI is used to build platforms, prioritize cases, and help companies improve their operations.
As far as financial performance is concerned, the company has done well. Over the last five years, the company has seen a compounded profit growth of 10% and sales growth of 13%.
A 462% return was achieved by the stock over the past five years. Persistent Systems’ shares are currently trading at $3,479 per share.
The following is a list of AI stocks to watch in India, apart from the above.
The growth of AI in India
The AI industry in India is growing rapidly, and the technology is becoming an increasingly important tool for many businesses.
Artificial intelligence is integrated into every aspect of human life, from online shopping to scholastic tasks.
We live in a digital age where the use of AI and machine learning is growing by the day. This means that businesses in India have a unique opportunity to win in the global market. What is being done with this technology in India is fascinating. This article gives details the companies that are leading the race in Artificial Intelligence.
